The private sector in Jiangsu and Zhejiang provinces is taking on the big state-owned shipbuilding giants in Shanghai. The China Securities Journal takes a look at the main players

Aircraft and vehicle manufacturer AviChina Industry & Technology Co (2357.HK) said Monday its first-half turnover rose 0.59% to US$1.18 billion (RMB8.079 billion), the Shanghai Securities News reported. Snowstorms at the beginning of the year and the Sichuan earthquake delayed delivery of aero parts, resulting in sales dropping 11.23% to US$229.70 millio...

Tianjin Good Hand Railway Holding (TGHRH) (000594.SZ) said it signed an agreement Monday to sell its Shenzhen branch to Senbang Pharmaceuticals for US$12.54 million (RMB85.9 million), the Shanghai Securities News reported. It tried to sell the branch to Shaanxi Zhongtou Assets Management Co in July, but the deal was rejected by a snap board meeting on August...

China Railway Construction Corp (CRCC) (601186.SH, 1186 HK) said Tuesday its first-half net profit was up 22% year-on-year to US$222.69 million (RMB1.525 billion) on US$12.01 billion (RMB82.236 billion) in revenue, up 12% year-on-year, the Shanghai Securities News reported. Revenues from domestic business grew 7.57% to US$11.17 billion (RMB76.501 billion) ov...

The Shanghai United Assets and Equity Exchange supervised US$18.59 million (RMB127 million) worth of finance-related transactions last week (August 18-24), China Business News reported. A 30% stake in a local fund management firm held by a Shanghai-based state-owned company was hotly contested with the winning bid of US$15.76 million (RMB107.7 million) from ...

Yanzhou Coal Mining (600188.SH) said Monday its net profit was up 239.3% in the first half of the year to US$550.54 million (RMB3.762 billion) on US$1.88 billion (RMB12.855 billion) in revenues, up 65.3%, the Shanghai Securities News reported. Its gross profit margin stood at 57.38%, 8.69 percentage points higher than a year earlier. Meanwhile, Datong Coal I...

China’s banking sector will grow steadily for the rest of the year despite slowing revenues from interest and a volatile mortgage sector, the Shanghai Securities News reported, citing a consensus of experts and analysts. “The Chinese commercial banks rely heavily on loans so they have a stable income and are not susceptible to the global credit c...

Jilin province will produce 38 billion tons of corn this year, the Shanghai Securities News reported, citing experts from the Dalian Commodity Exchange. The experts made the claim after paying a visit to Dacheng Group, a local corn processor that processes 600,000 tons of corn a year. The harvest will come from 45 million mus (1 mu=666.67 square meters or 0....

As the RMB continues to rise along with wages and the cost of raw materials, All Roads Lead to China takes a look at the never ending question "Is China no longer competitive?". The answer to the above question would certainly be yes for many SME's in Hangzhou and, as a result, they've persuaded the Hangzhou government to provide assista...

China National Building Material Corporation (CNBM) (3323.HK) has acquired Zhejiang State-owned Assets Supervision and Administration Commission's stake in cement maker Zhejiang Leomax, the Shanghai Securities News reported. The size of the stake was not given. The deal was part of a memorandum of understanding signed last September between CNBM and the ...